Banks don't have that much cash, physical or digital, on hand because they spent it all on super-duper-ultra """safe""" government bonds (that all happen to be underwater).
Withdrawing more than $100 in physical cash WILL get the government sticking its dick in your private transaction. After all, Good Citizens™ only use easily-traceable digital payments.
Yeah, Australia is arguably, in many ways, almost as authoritarian as Canada, but I think you can even withdraw up to $2000AUD (~$1500US) from your bank’s normal ATM, no questions asked…
The main problem, however, is ATM/branch access, because the amount of “cutting back” there, these last few years, has been insane…
I fully expect that the main banks in this country will completely remove access to personal (i.e. non-business) banking, in-person, by 2030.
You might still have access to a few ATMS, but they won’t be owned or maintained by your own bank, and they certainly won’t let you withdraw $2000 at once…
Both of those things are already the case in Sweden, which is appalling for even accessing banking, let alone accessing physical cash itself. Seriously, if you want to see the dystopian, cashless future, spend some time in Scandinavia…
In Australia, it’s been trending that way for at least a decade (largely since they abolished ATM fees, under the guise of “increasing access”, and then used that as an excuse to massively decrease ATM availability). And Australians being apathetic, conformist slugs means that there has been remarkably little pushback…
Both of those things are already the case in Sweden, which is appalling for even accessing banking, let alone accessing physical cash itself. Seriously, if you want to see the dystopian, cashless future, spend some time in Scandinavia…
Aye, when even the flea markets are taking it all digital, and no normie sees the problem, oh well they will remember once winter comes again.
Banks don't have that much cash, physical or digital, on hand because they spent it all on super-duper-ultra """safe""" government bonds (that all happen to be underwater).
Withdrawing more than $100 in physical cash WILL get the government sticking its dick in your private transaction. After all, Good Citizens™ only use easily-traceable digital payments.
They absolutely have way more than $3000 on hand at any given time.
Not even remotely true in my state. I withdraw more than that once or twice per month. What shithole do you live in?
Yeah, Australia is arguably, in many ways, almost as authoritarian as Canada, but I think you can even withdraw up to $2000AUD (~$1500US) from your bank’s normal ATM, no questions asked…
The main problem, however, is ATM/branch access, because the amount of “cutting back” there, these last few years, has been insane…
I fully expect that the main banks in this country will completely remove access to personal (i.e. non-business) banking, in-person, by 2030.
You might still have access to a few ATMS, but they won’t be owned or maintained by your own bank, and they certainly won’t let you withdraw $2000 at once…
Both of those things are already the case in Sweden, which is appalling for even accessing banking, let alone accessing physical cash itself. Seriously, if you want to see the dystopian, cashless future, spend some time in Scandinavia…
In Australia, it’s been trending that way for at least a decade (largely since they abolished ATM fees, under the guise of “increasing access”, and then used that as an excuse to massively decrease ATM availability). And Australians being apathetic, conformist slugs means that there has been remarkably little pushback…
Aye, when even the flea markets are taking it all digital, and no normie sees the problem, oh well they will remember once winter comes again.